Posts Tagged ‘Part-Time Jobs’

The mainstream media talks constantly about a “strengthening economy” & a certain interest rate hike next month. But every once in a while, it pulls back the curtain. CNN Money reported the truth on the actual condition of the US jobs market. It revealed the “job growth” Obama keeps crooning about as a sham. In fact, there are more jobs, but they are part-time jobs.

Most people will have the impression that the 288,000 jobs created last month were full-time. Not so. And more directly, “most Americans wouldn’t call this an economic recovery.” There are 48 million people in the U.S. in low-wage jobs, resulting, as Mort Zuckerman concludes, “Faith in the American dream is eroding fast.”

You need to peer beneath the glossy veneer. On the surface, last week’s jobs report was glossy good news: the U.S. economy added 288,000 non-farm jobs. Beneath the glossy veneer, however, the news wasn’t quite as good as advertised: full-time jobs declined by 523,000 and part-time jobs surged 840,000.

In recent years, a lot of American people with deep roots here have made the difficult decision to say goodbye to the United States permanently. The number of Americans that renounced citizenship was 221% higher in 2013 than was in 2012 – A staggering figure & symptomatic of a larger trend.